New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-13
TENNESSEE AND ALABAMA DEVELOPAEN1


TENNESSEE AND ALABAMA DEVELOPMENT
THE VIEWS OF ". BROUGH RCssELL-ANIRON FIELD
THAT WILL UNDERsELL ENGLAND.
TsrnuSE reporter who met ". Broush Russell yes
,.r,a, on his return from an extended Southern trip
<ound him quito what Known a. the
Blrmngham region. Mr.. Russell Is the young English
man who has been operating hero successfully Tor
several months Southern securities Speaking OF MS
trip he said than pleased with my visii to
tha South where my immediate object was to look "vor
the properties Of Tennessee Coal and Iron Company
IN wh,oh have invested heavily. At Nashville Mr. N
Baxter chai, man OF the fuance committee, and Mr..
James BowrOn secretary ana treasurer OF the company
weIc Qute oblieng to give all possible Information
a. 10 the output coal and iron. and the afsrs OF tie
COMPANY in general. Mr.. Baxter showed me tho daily
,epofts Of coal from their several colsres which aver
age d. 500 tons As TO iron. from wuat could gather
at The office and from tho at the furnaces the
output will average 40 tons daily Messrs Baxter and
Bowson informed that their present fronts are most
satisfactory. a.sO met at NASHVILLE MI W. NJ DuneHn'
Mr. Keith President OF the Fourth National bahR' nr'
Williams vice dent OF the First National BanH' anu
Colonel T. Coyar, directors 10 the COMPANY VINO 'ou
me that they meeting recently, at which they nao
.a,,uIsted thar profits for this would be over
100000. They base their estimate on iron sofa lor
forward delivery. This sum would provIae iot hAou
charges and a sinking rlnd ofS00O0 which wouid leave
between 7per dividend on the ordinary
They say part OF will be paid in Dividend ana the
bslsucc devoted to opening more coal fields Mr. bow
ron OF mine. who has been oil MS e IN
tho iron Industry and uine years this county
He been all over the iron properties OF Eng
land and America and when tho fall In iron comes, IA IL
will come Tennessee and Aabamaregion will be able
10 produce profit when no other section OF the
country will be able 10 do FROM Nashville went TO
South Pttsburg stopping to see furnace OF the COM
pany at Cowan, about equiistant between that town
ard Nashville. II produces about 20 tons daily.
South Plttsbure more than charmed with
have been times around the world have been IN
oil civilized countries and many unclvzed Dut nave
never see more perfect site for town My only regret
was that such heautful spot should be devastated Win
smoke and noise az II Situated on the Ten
pcssee with beautiful hills TisnR ON tie three Sides
nothing could lie more picturesque. III mas magnificent
,ocstions for residences on the bsides with splendid
panorama stretohBg away wherever the eye turns
Here the company has furnaces producing an over
age OF $50 tons daily and has cOmmenced building
tb,ro .hat will be Finished this year BY the
end OF May Perry's stove works from Albany New-fok
ana pipe mandatory will be completed, the former
absorbing sixty and the latter eighty tons OF the
local output. AS there are several new enterprises
starting there be little doubt as to the future OF
South Pitsburg Town aud as market FOR the iron
Of tho Tennessee Company. When the American Gov
erpmeut has made the Tonuesse- River nayigable as
they arc rapidly doing. there is reason why South
P,sburg oud not become great coal shiPPhs port
for Orleans and other Southern cites along the
banks Of the VI ss,ssipIl River.
81 did no, visit the iron and coal mines in Ten
pessee, but understand that the coal and iron
are Of good quality and easily worked. At the
mines IN the Tennessee division the company has
daily output o; 700 of coal The Alabama portion
OF s the from ns have literally hillside Of
iron, tue being taken out III an opeu quarry MT
informed that taking out daily 1000 tons OF ore
that produced so cent OF iron and whep the new
furnaces completed at fnsey lie could be are to
fake out 90 tons with the same ease SIX miles from
the iron ore bed is the Pratt coal mine and the four new
furnaces OF the company under construction %bca are
feiur rapidy rushed forward to patiOn. Two Will
be ready by August and the ether few months later
tons. ! struck with the ease wnh which the
coal is handled the mines rrod1cng sooo tons G'E
$500 tons will he ontsined but even that Will not
satisfy Tho demand, which is growing day by day
each new eute priss is started at birmingham anu IN
that neghbOrhOOd feel certain before TWO years are
over that the company will he producing something IKE
10 900 tons daily A yroAt OF % pr ton would
provide Tor all fixed charges and sinking fund leaving
suilicient pay per cent nviiend 10 the ordinary
st0cshofers but cannot unaerstaDd why the manage
ment does work the coal openings mi-ht as sell as
Idle for want OF coke AT Birmingham visited the Alice
furnaces now the property OF the fGmpsny started
manages the: aud Is pesden Mt OF the Tennessee
ces arv Information His output is something Ike $50
tons daily. He Informed me that IN most depressed
tsd a ready narket for his pix iron When tue -FOUR new
furnaces completed at Ensley be says the company
with the Alice Furnaces the iron will be laid down
at the cents less than he eau get ore at pres
ent and the coal aud arc on the spoil one
can easily estimate what handsome proht tne eonpany
will he able make should prices run as high Tor IRON
next year a they are at Ires-nt When TIE c9npany
will produce something like 100000 ton. at - ioht
ss fbav are -nakirg nav such conditions wOud Ieave
nro Of Two million dollars 20 per cent 10 the "id
nary shareholders Interest Oh bonds Is more IMAM
met by The coal business. Many ask mere VIII you
find a market for snch OUTPUT OF iron lhey nave
only 10 Tennessee aud Alabama and tLey WI" even
in snort visit Local enterprises starting up ahh ID
contemplation sufficient TO take II all You may Iiu-h,
nm, | say that the iay Will come when lde Panama
Canal j. opened that tie products OF the tennessee
secton will be shipped ha!ces from south fltis-
burg 10 he lransAip,ei az the mOnih Of the sssi
for Melbourne Calcutta and Shanghai, undressing
The English product
WHO Will Re TIE HEA u or NE HIALIH BOA m
The long delay in appointing successor to General
Alexander Shaler rs president Of the Health Board
will be ended on Monday. Mayor Hewitt said yes
terday that be had offered the place TO gentleman
who viii probably accept 1t, and that IN any case an
sppoiptment will be made on Monday. Further than
this he declined 10 say anything about the matter
lie did not know the politics OF the gentleman whom
he had in mind. He had never been active IN any
political organization. lie was cmlnently htted Tor
the place. -, =,
Following tbi- announcement by the Mayor came
the runcr that the gentleman 70 whom the place had